Entry -> SELL STOP 1.13577 / SL -> 1.13751 / TP -> 1.13300
Entry -> SELL STOP / SL -> 78.044 / TP -> 77.643
Entry -> Sell Limit 1.51140 / SL -> 1.51570 / TP -> 1.50560
Hello Traders, Here we have a bullish wedge breakout on the AUDUSD. I've marked the potential demand zone between 0.71950 and 0.72000. However, our sentiment is definitely bullish and after the test of the demand zone, we would be targeting the next resistance level at 0.72170, where we can find potential sellers.
Hello Traders, The USDJPY is ranging on the higher timeframes. However, we can use the minor S&R-levels to find some good trading opportunities. Price was no rejected at the 108.150 support level and our target is the previous high at 108.350. There, we can expect some potential sellers, driving the price lower to another minor support level at 108.250
Hello Traders, The GBPUSD is now contained inside a Channel. Price might test the upper trendline resistance and then test the closest support at 1.28800. The next support level at 1.28600 might confluence with our lower trendline support.
Hello Traders, The EURUSD has been ranging for the whole day now. We have no directional bias except for shorting the resistance at 1.14850 or longing at the demand zone between 1.14600 and 1.14500. What could also happen is that price might break out to the upside and after that our target would be the next resistance at 1.15200.
Hello Traders, We hade a continuous uptrend on the AUDUSD with one major spike during FOMC. We are now testing a support at 1.71800. A good target is the recent high at 1.72000 where we could expect more selling pressure. Overall, our sentiment is to go long as we see price trending up above our MA.
Hello Traders, Price finally broke down below our major support level at 108.5000. As of now, we are testing another support level at 108.00000. Our sentiment to go short. We could set a sell stop order below our 108.00000 level and then go for a test of support at 107.80000. However, price is still consolidating in our range, therefore we'd have to be patient...
Hello Traders, Today, the market was very choppy on the GBPUSD. We see huge price swings but no clear direction for market sentiment. A possible trade is to go short and aim for a double top trade at 1.28000. As for targets, we have a minor support level (dotted line) at 1.27750 where we could expect some buying pressure.
Hello Traders, Today we had a breakout during FOMC that was about 72 pips. After the breakout, price started to slow down and has created a new support level at 1.15100. Price has shown some form of weakness and is entering a corrective phase after the breakout. Our bias for the next day is definitely bullish and we'd enter on the break of the range to the upside.
Hello Traders, AUDUSD has been ranging the whole day. Price is contained above our support at 0.71200 and our resistance at 0.71500 . As long as price remains inside this range, we'd be looking for reversal opportunities. Currently, we'd have to wait for price to approach one of our levels. We'd aim to go long at support and short at resistance.
Hello Traders, The USDJPY has entered into a range. Price is contained in between two lines with support at 108.500 and resistance at 109.000 . As long as price remains inside this range, we will look for reversal trades at the S&R-zones. Now, Price seems to be rejected off of our support. A good target to exit would be a minor resistance inside the range...
Hello Traders, GBPUSD has now shifted into a downtrend. Our MA indicator is above price as well. Now we are testing the support at 1.27100 . As we are in a downtrend, I expect price to break that level. Then this support might act as a resistance, leading price to our next support level at 1.26800 .